CHIEF Minister Bhupesh Baghel, who is holding the charge of finance portfolio, tabled the Finance Accounts and Appropriation Accounts of the Government of Chhattisgarh for the year 2020-21 in Chhattisgarh Legislative Assembly on the second day of the monsoon session on Thursday. The Finance Accounts and Appropriation Accounts of the Government of Chhattisgarh for the year 2020-21 was prepared by Principal Accountant General (A&E) under the supervision of the Comptroller and Auditor General of India. According to the report, the tax revenue of the State in 2020- 21 stood at Rs 43,226.74 crore compared to Rs 42,323.69 crore in 2019-20. The increase has been attributed to rising in allocation of share of union taxes and duties from Rs 20,205.84 crore (2019-20) to Rs 20,337.54 crore (2020-21). The State’s own tax revenue also rose from Rs 22,117.85 crore (2019-20) to Rs 22,889.20 crore (2020-21). During the year 2020-21, the State had received Rs 12,812.49 crore as Grants-in-aid from the Central government compared to Rs 13,611.24 crore in 2019- 20 that is decreased of Rs 798.75 crore. During the year 2020- 21, the Capital Expenditure of the State government was Rs 9,024.19 crore which is Rs 457.80 crore more as compared to 2019-20. There was a revenue deficit of Rs 6,856.66 crore constituting 1.96 per cent of Gross State Domestic Product (GSDP) during 2020-21. The State had revenue deficit of Rs 9,608.61 crore during 2019-20. The fiscal deficit during 2020- 21 was Rs 15,822.38 crore which is 4.52 per cent of GSDP and which under the under the MTFP target of five per cent of GSDP. During 2019-20, the fiscal deficit had exceeded the FRBM target of 2.99 per cent of GSDP. During the year 2020-21, the total public debt has creased by 21.48 per cent from Rs 63,146.72 crore (2019-20) and to Rs 76,708.11 crore (2020-21). The State government has an off-budget liability of Rs 510.16 crore towards repayment of loans taken by various entities, in addition to its total budgeted liabilities of Rs 92,714.22 crore as of March 31, 2021. Total investments as share capital in government companies, statutory corporations, co-operative banks, societies etc. stood at Rs 7,261.30 crore at the end of the year 2020-21. During the year, the dividend received there against was only Rs 2.29 crore. The major investment made in power companies was Rs 6,591.90 crore. Government provided budgetary support (grants and subsidies) and accepted liability for Rs 146.66 crore in 4 PSUs during the period for which their accounts are in arrear upto March 31, 2021. These PSUs have not finalized their accounts for the last 1 to 4 years in gross violation of the provisions of the Companies Act. Detailed Contingency bills amounting to Rs 295.53 crore against 460 Abstract Contingency bills were outstanding as of March 31, 2021. The Central government directly released Rs 12,538.27 crore to implementing agencies in Chhattisgarh during 2020-21. Majority of these transfers were made under the National Food Security Mission (Rs 7,193.13 crore), Mahatma Gandhi National Rural Guarantee Programme (Rs 3,563.65 crore), Pradhan Mantri Kisan Samman Nidhi (Rs 1,458.94 crore) etc. There was an excess disbursement of Rs 3,432.11 crore over the authorization made by the State Legislature under two grants and two appropriations during the year 202-21. An excess disbursement of Rs 9,944.52 crore pertaining to years 2000-01 to 2019- 20 is yet be regularized by the State Legislature. During 2020-21, Supplementary Grants was passed for Rs 23,457.94 crore. Out of the total supplementary grants Rs 3,519.53 crore proved unnecessary as significant savings were found against original allocations at the end of the year.